Union Budget: 100 more Airports to be developed by 2024 to support UDAAN Scheme

Feb 01, 2020, at 03:39 pm

New Delhi/IBNS: Union Minister for Finance & Corporate Affairs Nirmala Sitharaman, while presenting the Union Budget 2020-21, in Parliament, on Saturday said that infrastructure was crucial to the theme of “Economic development” and hence the Budget which is dedicated to provide “Ease of Living” to all citizen. She said 100 more airports would be developed by 2024 to support Udaan scheme

GST collection touches Rs. 1,10,828 crore in January

Feb 01, 2020, at 03:20 pm

New Delhi/IBNS:  The gross Goods and Services Tax (GST) collection for the month of January touched Rs. 1,10,828 crore, officials said on Saturday.

FM Nirmala Sitharaman assures depositors money is safe in banks

Feb 01, 2020, at 02:25 pm

New Delhi/UNI: Union Finance Minister Nirmala Sitharaman on Saturday sought to assure the people that schedule commercial banks and depositors money is absolutely safe and that a robust mechanism is in place to monitor them.

Nirmala Sitharaman fails to deliver complete budget address, quits midway

Feb 01, 2020, at 02:25 pm

New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Saturday quit her budget address midway after getting chocked in Lok Sabha on Saturday.

Sensex slides as FM Nirmala Sitharaman spells out Union Budget 2020

Feb 01, 2020, at 01:43 pm

Mumbai/IBNS: The Bombay Stock Exchange (BSE) Sensex is witnessing a steep fall as Union Finance Minister Nirmala Sitharaman is reading out the annual budget for 2020 in Parliament on Saturday.

New optional tax regime of India reduces income tax rates: Nirmala Sitharaman

Feb 01, 2020, at 01:22 pm

New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman announced a new tax regime for Indians where a person earning upto Rs 5 lakh will not pay any tax while the rates were slashed between five to ten percent for other income categories from above INR 5 lakh to INR 15 lakh. Those opting for this scheme will however, not enjoy the previous exemptions. 

India to build 100 new airports by 2024: Finance Minister

Feb 01, 2020, at 12:51 pm

New Delhi/IBNS: India will set up 100 more airports to be developed by 2024, Union Finance Minister Nirmala Sitharaman announced in her budget speech on Saturday.

FM Nirmala Sitharaman to present Union Budget today

Feb 01, 2020, at 08:10 am

New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman will present the Union Budget on Saturday.

Insolvency and Bankruptcy Code improved resolution processes in India: Economic Survey

Feb 01, 2020, at 12:17 am

New Delhi/IBNS: The Economic Survey 2019-20 highlighted that the Insolvency and Bankruptcy Code (IBC) has improved resolution processes in India compared to the earlier measures.

Subdued manufacturing activities lowered IIP, says Economic Survey 2019-20

Jan 31, 2020, at 11:04 pm

New Delhi/IBNS: The moderation in the Index of Industrial Production (IIP) to 3.8 per cent in 2018-19 compared to 4.4 per cent in 2017-18 has been due to subdued manufacturing activities caused by slower credit flow to Medium and Small industries, reduced lending by NBFCs owing to liquidity crunch, tapering of domestic demand for key sectors such as automotive sector, pharmaceuticals, and machinery and equipment, volatility in international crude oil prices, prevailing trade-related uncertainties, noted the Economic Survey 2019-20.

Pro-crony policies till 2011 eroded wealth, destroyed value and created wilful defaulters: Economic Survey

Jan 31, 2020, at 09:57 pm

New Delhi/IBNS: The Economic Survey 2019-20 says India’s aspiration to become a $5 trillion economy depends critically on promoting “pro-business” policy that unleashes the power of competitive markets to generate wealth, on the one hand, and weaning away from “pro-crony” policy that may favour specific private interests, especially powerful incumbents, on the other hand.

Tobacco major ITC's Q3 post tax profit up by 29 pc to Rs 4141 cr

Jan 31, 2020, at 09:03 pm

Kolkata/IBNS: Tobacco and FMCG major ITC Ltd on Friday reported a post tax profit rise of 29 percent in its quarter ending Dec 31..

After reaching the lowest point, Indian economy to revive from here: Chief Economic Adviser

Jan 31, 2020, at 06:35 pm

New Delhi/IBNS: Chief Economic Adviser KV Subramanian on Friday expressed hope that the Indian economy will start growing after hitting the bottom while predicting a growth of 6 to 6.5 per cent growth for the 2020-21 fiscal year.

Eight core industries growth stands at 1.3 per cent in Dec 2019

Jan 31, 2020, at 06:19 pm

New Delhi/UNI: The combined Index of Eight Core Industries of December 2019 increased by 1.3 per cent as compared to the index of the same month in 2018, according to government data on Friday.

Indian Rupee recovers 14 paise against USD

Jan 31, 2020, at 06:14 pm

Mumbai/UNI:  The Rupee on Friday recovered by 14 paise to 71.34 against the US Dollar on fresh selling of US Dollars by bankers and exporters, the dealers at the Forex Market said.

Indian market: Sensex down 190.33 pts

Jan 31, 2020, at 06:12 pm

Mumbai/UNI: The BSE Sensex on Friday further lost by 190.33 points to settle at 40,723.49 ahead of union general budget to be present on Saturday.

CEA KV Subramanian lists out 10 major focus areas of Economic Survey to put economy back on track

Jan 31, 2020, at 05:44 pm

New Delhi/IBNS: Chief Economic Adviser KV Subramanian on Friday listed the major interventions made by the Modi government to put economy on track while stating that India is undergoing economic slowdown and part of it is due to the global slowdown that started in 2019. 

ONGC drops by 5.80 pc to Rs 108.90

Jan 31, 2020, at 05:14 pm

Mumbai/UNI:  ONGC on Friday slipped by 5.80 pc to Rs 108.90 to be the top losers in the 30 scrips index of Bombay Stock Exchange (BSE).

Mumbai to host OTM from Feb 3

Jan 31, 2020, at 03:39 pm

Mumbai/UNI: OTM - the largest travel trade show in Asia Pacific region-will be held between Feb 3 and 5 at the Bombay Exhibition Centre, Goregaon here.

Sitharaman tables Economic Survey in Parliament, growth predicted at 6-6.5% in next fiscal year

Jan 31, 2020, at 01:24 pm

New Delhi/IBNS: The growth in the next fiscal year beginning on Apr 1 is predicted at 6 per cent to 6.5% as Union Finance Minister Nirmala Sitharaman tabled the Economic Survey on the first day of budget session in Parliament on Friday.

Indian-origin Arvind Krishna elected IBM Chief Executive Officer

Jan 31, 2020, at 09:27 am

New York/IBNS: The IBM Board of Directors has elected Indian-origin techie Arvind Krishna as Chief Executive Officer of the company and a member of the Board of Directors, effective Apr 6, 2020.

Reliance Industries declines by 2.51 pc to Rs 1442.50

Jan 30, 2020, at 08:40 pm

Mumbai/UNI: Reliance Industries on Thursday declined by 2.51 pc to Rs 1442.50 to be the top losers in the 30 scrips index of Bombay Stock Exchange (BSE).

Auto Expo 2020: Volkswagen to unveil its new brand design & logo

Jan 30, 2020, at 07:58 pm

Mumbai/UNI: Europe's largest car manufacturer Volkswagen will unveil its new brand design and logo to the public under the motto of “New Volkswagen” at the Auto Expo which is scheduled to be held in the national capital from February 7-12, 2020.

Entry, Exit gates of 3 Delhi Metro Stations closed after man opens fire near Jamia

Jan 30, 2020, at 04:20 pm

New Delhi/UNI: The DMRC on Thursday afternoon closed entry and exit gates at three metro stations--Jama Masjid, ITO and Delhi Gate soon after a Jamia Millia Islamia (JMI) student was shot during a protest march from university to Rajghat against the newly amended citizenship law.

McDonald's global sales surpass 100 bln USD in 2019

Jan 30, 2020, at 10:32 am

Chicago/Xinhua/UNI: Fast food giant McDonald's Corporation said Wednesday its annual sales surpassed 100 billion U.S. dollars for the first time.

Facebook posts double-digit growth in quarterly, yearly revenues

Jan 30, 2020, at 10:26 am

San Francisco/Xinhua/UNI: U.S. top social networking company Facebook Inc. Wednesday reported double-digit revenue growth for the fourth quarter and full year ended Dec. 31, 2019.

Make Sure You are Eligible for Personal Loan in 2020 with these Tips

Jan 30, 2020, at 12:14 am

For a common person in India who is salaried, lives in an urban area on rent, it is hard to get a loan without any credit. Especially in situations where the money is required to meet any personal need or an emergency, a common man is not expected to get the loan from banks or financial institutions without any collateral. However, with the popularity of personal loans increasing each day, this fact is quickly turning into a myth.

Indian Rupee gains by 7 paise against USD

Jan 29, 2020, at 07:22 pm

Mumbai/UNI: The Rupee on Wednesday gained further by seven paise to 71.25 against the US Dollar on brisk selling of US Dollars by bankers and exporters, the dealers at the Forex Market said.

Indian market: Sensex bounced back by 231.80 pts

Jan 29, 2020, at 06:14 pm

Mumbai/UNI: The BSE Sensex on Wednesday jumped by 231.80 points to 41,198.66, snapping a losing streak of last two sessions on the strength of fresh buying in FMCG, Industrials, Metal, Power and Realty amid recovering global cues.

Indian Rupee up by 12 paise against USD

Jan 29, 2020, at 04:39 pm

Mumbai/UNI: The Rupee on Wednesday rose by twelve paise to 71.21 on renewed selling of US Dollars by bankers and exporters, dealers at the Forex Market said.